Rutgers University says among young people who graduated between 2006 and 2010, only 53 percent have full time jobs.
The average salary is nothing to cheer about either, roughly $30,000 a year.
Those who graduated in 2009 and 2010 took a 10 percent hit in salary compared to those who started out a few years earlier.Half those who are working say they didn't need a bachelor's degree for the job they've landed.
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